SBA COMMUNICATIONS CORP
For the period ended May 23, 2025. Filed Apr 7, 2025.
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May 23, 2025 · Filed Apr 7, 2025
Contents
Compensation Setting Process
Annually, the Compensation Committee evaluates the design and competitiveness of SBA’s executive compensation program. As discussed above under the responsibilities of the Compensation Committee on page 21, the Compensation
38 SBA Communications Corporation | 2025 Proxy Statement
| Proxy Summary | Proposal 1 | Corporate Governance | Executive Officers | Executive Compensation | Security Ownership | Proposal 2 | Proposal 3 | Other Compensation Disclosures | Q&A About Voting | OtherMatters |
|---|---|---|---|---|---|---|---|---|---|---|
| ● | ||||||||||
Committee has authority to retain compensation consultants, outside legal counsel and other advisors as it deems appropriate to assist in fulfilling its responsibilities. For 2024, the Compensation Committee selected and retained F.W. Cook & Co., Inc. (“FW Cook”) to:
| > | review those companies that comprise our Peer Group and propose changes if necessary; |
| > | provide a competitive analysis of our compensation components for our NEOs against our 2024 Peer Group; |
| > | assist in the design of the revised executive compensation program to address shareholder comments, including the selection of a new metric for the annual incentive plan and the structure of the equity compensation program; and |
| > | review this CD&A. |
FW Cook does not perform any other services for SBA other than its consulting services to the Compensation Committee. The Compensation Committee has reviewed the independence of FW Cook in light of SEC rules and Nasdaq Listing Standards regarding compensation consultants and has concluded that FW Cook’s work for the Compensation Committee during 2024 did not raise any conflict of interest and that FW Cook is independent.
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